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Retail Property with Long-Term Tenant

1750 S Main St, Akron, OH

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For Sale

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Retail property with a corporately guaranteed lease and renewal options.

Type:RETAIL

Property size:

14,136 SF

Lot size:

0.76 Acres

Price / SF:

$53/SF

HighLights

Corporately guaranteed lease provides security.
Long‑term tenant: Family Dollar has operated successfully at this location since 2002.
Favorable lease terms: 5.5 years remaining on the lease with four 3‑year renewal options, each including a 7% rental increase.
Strategic location in a dense retail corridor with high traffic counts (±19,000 vehicles daily).
High population density: ±84,162 residents within 3 miles and ±191,065 within 5 miles.
Early lease renewals demonstrate tenant commitment.

We can help!

Listing Contact

Brett Baumgartner

For Sale

Contact for pricing

Retail property with a corporately guaranteed lease and renewal options.

Type:RETAIL

Property size:

14,136 SF

Lot size:

0.76 Acres

Price / SF:

$53/SF

Added:: Aug 28, 2024
Days on Market:: 655
Last Refresh:: May 19 at 9:02 pm

Property Features for 1750 S Main St

General Information

Standard status: Active
Size: 14,136 SF
Lot size: 0.76 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Brett Baumgartner

Listing agent Brett Baumgartner

Listing office Matthews Real Estate Investment Services | Dallas

Listing date Aug 28, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas

HighLights

Corporately guaranteed lease provides security.
Long‑term tenant: Family Dollar has operated successfully at this location since 2002.
Favorable lease terms: 5.5 years remaining on the lease with four 3‑year renewal options, each including a 7% rental increase.
Strategic location in a dense retail corridor with high traffic counts (±19,000 vehicles daily).
High population density: ±84,162 residents within 3 miles and ±191,065 within 5 miles.
Early lease renewals demonstrate tenant commitment.

Overview

This retail property benefits from a recently extended lease with approximately 5.5 years remaining. The tenant's early lease renewals demonstrate a commitment to the location and market. The lease includes four remaining 3-year renewal options, each with a 7% rental increase. Strategically situated in a dense retail corridor, the property is near the Bridgestone Americas Technology Center, Firestone Stadium, and a FedEx Ship Center. The tenant, Family Dollar, has operated successfully at this location since 2002, indicating a strong operational history. Traffic counts on Main St exceed approximately 19,000 vehicles daily. The lease is corporately guaranteed. The surrounding area has an estimated population of 84,162 residents within a 3-mile radius and approximately 191,065 residents within a 5-mile radius. The average household income aligns with the tenant's target demographic.

Property Profile Location Intelligence

Current Use by Public Records

Family Dollar Discount Store ATM Atm

Suggested Use

Location Insight

Map
Local Demand

City: Akron
County: Summit
State: Ohio
Longitude: -81.5272
Latitude: 41.0389

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What type of property is this?

Storefront property - Retail property with a corporately guaranteed lease and renewal options.

Where is this storefront property located?

The property is located at 1750 S Main St Akron, OH.

What is the asking price?

The asking price for this property is $755,556.

What are key features of this property?

This property features: Corporately guaranteed lease provides security.; Long‑term tenant: Family Dollar has operated successfully at this location since 2002.; Favorable lease terms: 5.5 years remaining on the lease with four 3‑year renewal options, each including a 7% rental increase.

1750 S Main St, Akron, OH

Retail property with a corporately guaranteed lease and renewal options.

Property Features for 1750 S Main St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Building in East Market

Three-Unit Triplex with Private Parking

Turnkey Restaurant with Expansion Potential

Well-Maintained Akron Three-Unit Building

Updated Duplex with Two-Car Garages

Luxury Duplex with Income Potential

Corner Retail and Restaurant Building

Updated Duplex in Portage Lakes

Akron Brick Triplex with Garage

Two-Duplex Rental Bundle

Renovated Duplex with Separate Utilities

Well-Maintained Akron Multifamily Opportunity

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